Business

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are set to suspend all trading activities on Tuesday, April 14, 2026. The closure is scheduled in observance of Dr. Baba Saheb Ambedkar Jayanti. This announcement provides vital information for investors regarding the market's operational status next year.On this significant day, all trading across major segments will be suspended. This includes equities, equity derivatives, securities lending and borrowing (SLB), currency derivatives, and electronic gold receipts (EGR). Investors are advised to plan their transactions accordingly to avoid disruptions.Understanding Ambedkar Jayanti Dr. Baba Saheb Ambedkar Jayanti commemorates the birth anniversary of Dr. Bhimrao...

Asian markets rebounded sharply on Tuesday, driven by renewed optimism surrounding potential peace negotiations between the United States and Iran. The global market sentiment shifted positively, fueling significant gains in major Asian indices, while investors monitored the evolving geopolitical landscape.Asia-Pacific Indices Rally on Diplomatic Hopes Early Asian trading saw MSCI's broadest index of Asia-Pacific shares outside Japan climb 1%. This positive momentum was most evident in key regional markets. Japan's Nikkei 225 and South Korea's Kospi both advanced by over 2%, signaling robust investor confidence.Australia's S&P/ASX 200 gained 0.88% in its trading session. Meanwhile, Hong Kong's Hang Seng index futures settled at...

Trump Warns Iran Ships Will Be 'Immediately ELIMINATED' Amid Strait of Hormuz Blockade Washington, D.C. The escalating tensions in the Strait of Hormuz reached a critical point on Monday as U.S. President Donald Trump issued a severe warning to Iran’s naval vessels. Trump stated that any ships approaching American forces enforcing a blockade would be "immediately ELIMINATED."The direct threat came as the United States commenced a blockade on Iranian ports, following the breakdown of peace talks over the weekend. This development significantly raises the risk profile for global maritime trade in the region.U.S. Enforces Blockade on Iranian Ports The blockade officially began at 10 a.m. ET Monday (7.30 om IST). It targets maritime...

Gold, Silver Plummet as US-Iran Tensions Flare Amid Blockade Fears Global Commodity Markets Tank Amid US-Iran Geopolitical Flare-Up Precious metals experienced sharp losses on Monday, 13 April. The major commodity markets reacted strongly to the resurfacing tensions in the Middle East. These tensions flared up following the collapse of US-Iran peace talks over the weekend. The uncertainty has fueled significant concerns regarding inflation and the timeline for future central bank interest rate cuts.Globally, Comex April gold futures crashed sharply. The rate fell $161 per troy ounce, touching the day’s low of $4,626. This marks a major setback, erasing a significant portion of the recent gains and placing gold on track for its second...

US-Iran Talks Collapse: FPIs Panic Sell Stakes as Middle East Tensions Trigger Indian Market Downturn Foreign portfolio investors (FPIs) sharply reversed course, turning into net sellers of equity. This dramatic shift in sentiment followed the collapse of US-Iran talks, a development that saw US President Donald Trump ordering a navel blockade of the Strait of Hormuz.Despite the volatile global backdrop, domestic institutional investors (DIIs) provided a steady counterweight. The DIIs remained net buyers for the 31st consecutive day, acquiring shares worth ₹ 2,432 crore.FPI Sell-Off Continues Amid Geopolitical Stress The collapse of talks fueled significant selling pressure from the institutional layer. FPIs offloaded a total stake...

Misri Deepens Global Ties: India Targets AI, Defence Cooperation with France and Germany Amid Middle East Tensions Foreign Secretary Vikram Misri is spearheading a series of high-level diplomatic engagements across Europe, reinforcing India's strategic partnerships amid volatile global hotspots. His recent meetings in Paris and upcoming visit to Berlin underscore India's continued push for comprehensive international collaboration across critical modern sectors.Misri recently held a meeting with French Minister for Europe and Foreign Affairs, Jean-Noel Barrot, in Paris. The discussions centered on deepening bilateral cooperation and navigating complex global challenges.The talks covered pressing regional issues, specifically...

JAKSON Group Surges on Energy Solutions Push: Revenue Jumps 13% to Rs 9,000 Crore in FY26 JAKSON Group announced robust financial figures on Monday, reporting a 13 per cent jump in its revenue for the fiscal year 2026. The total revenue reached Rs 9,000 crore, marking a significant expansion compared to the previous year. This strong performance was substantially driven by the Distributed Energy Business (DEB) segment, which contributed approximately Rs 2,300 crore.Financial Performance Highlights FY26 Growth The financial results underscore the company's successful transition and scaling efforts within the critical energy sector. The 13 per cent revenue increase signals strong market acceptance for JAKSON’s diverse offerings. The...

Pirojsha Godrej Takes Helm as Godrej Industries Group Chairperson in Major Generational Succession Move The Godrej Industries Group (GIG) announced a significant leadership overhaul, marking a planned generational transition in its top executive structure. Pirojsha Godrej is set to take over the mantle of Chairperson of the conglomerate in August from his uncle, Nadir Godrej.Nadir Godrej's handover solidifies a multi-stage succession plan that involves leadership changes across several key entities within the diversified group. This strategic transition is aimed at ensuring sustained growth while preserving the established legacy.Leadership Transition Details Within Godrej Industries Group Pirojsha Godrej, who is the son of Nadir's...

US Markets Tumble: Geopolitical Fears Over Iran Trigger Dow's Steep Slide and Sell-Off The major US stock indices opened in the red on Monday, reflecting significant investor anxiety. Selling pressure swept through the market after the possibility of a diplomatic truce with Iran faltered following failed talks in Pakistan. This geopolitical development immediately cast a shadow over global financial markets.Index Downturn Amid Rising Tensions The broad market indices immediately reflected the uncertainty. The S&P 500 opened 0.21% lower, settling at 6,802.66. The tech-heavy Nasdaq Composite also saw losses, declining 0.23% to trade at 22,850.87.The sell-off was most pronounced in the Dow Jones Industrial Average. The index shed...

ICICI Prudential AMC Profits Surge 24%, Driven by Robust Full-Year Revenue Growth ICICI Prudential Asset Management Company has reported robust financial figures, signaling strong momentum in the asset management sector. The company announced a substantial profit increase for the March quarter, supported by higher levels of income.The results mark a period of sustained growth, coming after the company’s stellar stock market debut in December 2025.ICICI Prudential AMC Posts Strong Quarterly Profit Growth For the quarter ending March, the asset manager posted a significant profit after tax (PAT) of Rs 763.4 crore. This represents a solid 10.4 per cent rise compared to the corresponding quarter in the previous fiscal year.Management...

Gold Plunges Amid Fears of Strait of Hormuz Blockade, Signaling Global Energy Crisis Shock Gold futures plummeted on Monday, driven by heightened geopolitical tensions following US plans to blockade key ports in the Strait of Hormuz. The decline has intensified concerns regarding a potential worsening of the global energy crisis, putting significant pressure on commodity markets.On the domestic front, the yellow metal suffered a notable setback in the futures trade. Gold prices declined by Rs 1,162, settling at Rs 1.51 lakh per 10 grams for June delivery on the Multi Commodity Exchange. This represents a fall of nearly 1 per cent, trading in a business turnover of 7,739 lots.US Escalates Tension, Threatening Blockade of Iranian Gulf...

Zero Tolerance: Tata Group Orders Strict Action After TCS Nashik Allegations Ignite POSH Compliance Crisis Natarajan Chandrasekaran, Chairman of Tata Sons, has addressed the sexual harassment allegations stemming from the TCS Nashik office, terming the matter "gravely concerning and anguishing." He assured stakeholders that the group is handling the crisis with utmost seriousness and urgency.In a strongly worded statement, Chandrasekaran emphasized that the Tata Group maintains an unwavering zero-tolerance policy towards any form of misconduct or coercion by its employees. He confirmed that action had already been initiated against the accused individuals.Corporate Commitment Amidst Internal Probe A comprehensive internal...

Ahuja Residences Targets ₹500 Crore Revenue in 3 Years, Signals IPO Ambition Amid Massive Expansion Delhi-headquartered hospitality chain, Ahuja Residences, has outlined an ambitious growth trajectory, aiming to hit ₹500 crore in revenue over the next three years. The expansion drive is backed by plans to secure external funding and potentially launch an Initial Public Offering (IPO). Jaideep Ahuja, Managing Director and CEO, stated that the company is executing a disciplined, long-term growth strategy to scale its operations.Charting Course for ₹500 Crore Revenue Milestone Ahuja Residences is focused on achieving significant scale over the next three years. The company sees a clear path toward the ₹500 crore revenue mark, cementing...

Tata Group Chairman Orders High-Level Probe After 'Anguishing' Allegations Surface at TCS Nashik Office Mumbai, Apr 13 - Tata Sons Chairman N Chandrasekaran addressed the grave misconduct allegations emerging from the Tata Consultancy Services (TCS) Nashik branch. He described the situation as "gravely concerning and anguishing," announcing an immediate, high-level internal investigation into the matters.The Chairman confirmed that a thorough inquiry has been launched, specifically under the leadership of TCS' Chief Operating Officer, Arathi Subramanian. This deep dive aims to establish all facts and identify the individuals responsible for the deeply troubling situation.Senior Executive Launches Probe Following Harassment Claims...

The digital invoice discounting platform is set for a monumental expansion, with volumes expected to jump over 70 per cent in FY27. Industry experts point to a new government mandate requiring major public sector undertakings to utilize the Trade Receivables Discounting System (TReDS) for settling payments to small businesses.Sundeep Mohindru, founder and promoter of M1xchange, stated that the mandatory adoption of TReDS by Central Public Sector Enterprises (CPSEs) will drastically expand government business flows. He predicts that the sector's overall volumes could experience a remarkable 70-80 per cent upside next year.Government Mandate to Fuel TReDS Growth The impetus for this massive growth stemmed from the Union Budget 2026...

EAM Engages Kuwait on Regional Developments External Affairs Minister (EAM) S. Jaishankar engaged in high-level diplomatic talks, first with Kuwait, focusing on the evolving regional situation. On Monday, April 13, EAM Jaishankar held a telephonic conversation with Kuwait’s Minister of Foreign Affairs, Sheikh Jarrah Jaber Al-Ahmad Al-Sabah.The primary agenda of the discussion centered on the prevailing situation in West Asia and ensuring the well-being of the Indian diaspora. Kuwait’s Ministry of Foreign Affairs confirmed that the detailed conversation covered the efforts being made regarding various regional developments.These talks took place amid a historically tense security environment in the region, particularly following...

The Indian auto component manufacturing sector reported no serious shortages of LPG, according to a senior government official. The Ministry of Heavy Industries confirmed that measures are actively underway with industry body ACMA to safeguard the supply chain and prevent any disruptions.Addressing an inter-ministerial briefing, Additional Secretary Hanif Qureshi emphasized that the ministry is in constant dialogue with the automobile industry to address potential supply chain gaps. He added that the government has also advised manufacturers to strategically adopt cleaner fuels, such as PNG and electric furnaces, wherever they are feasible.LPG Supply and Production Uptick Maintained Responding to media queries, Qureshi confirmed...

The India-Oman relationship is set for a significant boost in trade and investment following high-level discussions between key ministers from both nations. The talks centered on maximizing opportunities available under the Comprehensive Economic Partnership Agreement (CEPA).Union Commerce and Industry Minister Piyush Goyal recently held a telephonic conversation with the Minister of Commerce, Industry and Investment Promotion of Oman, Anwar bin Hilal bin Hamdoun Al Jabri. The discussion highlighted a mutual commitment to deepening economic ties.Strengthening India-Oman Bilateral Trade Ties During the call, Mr Goyal stated that the dialogue between the two leaders was aimed at accelerating economic cooperation. The primary focus was...

The government has significantly expanded the scope of the startup ecosystem funding through the introduction of the ₹10,000 crore Fund of Funds 2.0 (FoF 2.0). According to a notification from the Department for Promotion of Industry and Internal Trade (DPIIT), the revamped fund is designed to channel concentrated capital into four key, specialized segments.The second tranche of this Fund of Funds was previously approved by the Cabinet in February. It aims to mobilize substantial venture capital (VC) while providing specialized support to deep technology, tech-driven manufacturing, and high-potential early-growth enterprises.Expanding the Startup Investment Mandate with FoF 2.0 The new FoF 2.0 represents an expansion over the...

Tensions over global oil supply hit a critical point as the United States announced sweeping naval blockade measures concerning the Strait of Hormuz. This move follows diplomatic talks regarding Iran's nuclear ambitions, creating immediate anxiety over the world's most crucial maritime trade route. International partners, including France and the United Kingdom, are mobilizing to coordinate a multilateral effort to guarantee the unimpeded flow of global shipping.Global Maritime Crisis: US Threat Intensifies Blockade of Strait of Hormuz The immediate catalyst for heightened tension was a declaration by US President Donald Trump. He announced that the United States Navy would begin the process of BLOCKADING any and all ships entering or...